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HomeFunding Egypt-based Sprints Raises $3 million in bridge round Funding

[Funding Alert] Egypt-based Sprints Raises $3 million in bridge round Funding

The $3 million bridge round for Egypt-based edtech company Sprints.ai was led by Disruptech Ventures and included investments from CFYE, EdVentures, and other investors.

Ayman Bazaraa and Bassam Sharkawy founded Sprints in 2020 with the goal of closing the IT skills gap in the MEA area by providing competent candidates with a guaranteed hiring program.

EdVentures and CFYE are among the investors in Sprints.ai, an AI-powered educational technology that is transforming education for the future. The company has announced the completion of a $3 million bridge fundraising round.

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Sprints is the first end-to-end platform that bridges the IT talent gap, including talent evaluation, personalized learning journeys, and a top-paying job guarantee. It was co-founded by Ayman Bazaraa and Bassam Sharkawy. Being the first EdTech company in MEA to offer guaranteed hiring programs, Sprints lets graduates pay only once they are hired successfully over a period of three years.

It was established in 2020 and has since placed graduates in over 300 tech companies worldwide, delivering over 2.5 million learning hours. With the goal of educating one billion students in ten years, it provides top-notch, agile-based learning experiences that enable businesses to develop outstanding technical teams in a variety of fields, such as cybersecurity, AI, data science, mobile, web, IoT, and cloud computing.

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By supporting important social and economic causes, Sprints is educating a new generation of technologically savvy individuals who will be successful in the workforce of the future.

Ayman Bazaraa, CEO of Sprints, shares the company’s heartfelt excitement said “Our team is the beating heart of this success. We’re a proud force of passionate trailblazers, consisting of over 100 employees and 300 trainers from 12 countries, united by a single mission: to revolutionise education through AI. This investment is a resounding validation of the team’s tireless efforts and unwavering dedication. Today, I stand proud of what we’ve collectively accomplished and am brimming with anticipation for the future we will pave together.”

With its foray into ten new areas, this strategic bridge round bolsters Sprints’ development trajectory even more. The company is increasing its influence on the tech talent landscape. its geographic growth will not only close the talent gap in the region but also establish MEA as a hub for talent in the region.

About Sprints

Sprints aim to provide over 200,000 learners with the skills and knowledge needed to meet the challenges posed by the digital workforce of the future.

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